Charitable Deduction and Tax Reform Action Alert Archive

Archived Action Alerts:

11/18/13: Help Nonprofit Theatres Maintain Private Contributions via Charitable Giving Tax Incentives

On Wednesday, November 20th, members of TCG will join over 200 nonprofit leaders representing the arts and human services organizations on Capitol Hill to petition their representatives to preserve the charitable deduction. The charitable deduction encourages giving to all nonprofit organizations including the nonprofit performing arts. On average, 40% of the annual revenue to the nonprofit performing arts field comes from private contributions. These funds support a number of activities such as the creation and presentation of works of art. They also support programs in which arts and human services organizations partner together to address critical community issues such as education, health, poverty and accessibility to the arts.
ACTION: Urge Congress to preserve the charitable deduction that is responsible for the sustainability of the nonprofit sector.

New Alert! Preserving the Charitable Deduction - This July 2013 the Senate Finance Committee’s plan for comprehensive tax reform is a “zero plan” that strips the tax code of all deductions, including the charitable deduction. Senators had to specifically request for items to be added back into the bill. TCG joined the Charitable Giving Coalition two years ago and has been an active part of the Coalition efforts to preserve the charitable deduction. Please visit the Charitable Giving Coalition's website for more information.

4/9/13: Protect the Charitable Deduction
Arts Advocacy Day Action Alert

Like thousands of other nonprofits, many performing arts organizations are classified as 501(c)(3) tax-exempt organizations. If it were not for this exemption and the deductibility of private contributions, nonprofit performing arts organizations and many other charities would be unable to serve community needs.
ACTION: Urge Congress to preserve the charitable deduction that is responsible for the sustainability of the nonprofit sector.

4/9/13: Extend the IRA Charitable Rollover
Arts Advocacy Day Action Alert

The IRA Charitable Rollover provision was reinstated for 2012 and 2013 as part of the fiscal cliff package passed by Congress at the beginning of this year. This important giving incentive has allowed for millions of dollars of new contributions to support the work of nonprofit organizations, and it is critical to maintain charitable giving options for individuals in order to provide a consistent source of revenue for programs and services to people and communities.
ACTION: Your voice makes a difference! Contact your legislators today.

News Alert! Short Term Cliff Deal Reinstates IRA Rollover, "Pease" Provision and Estate Tax - This January 2013 the tax deal passed by Congress has encouraging but mixed results for charitable giving, and leaves much work to be done throughout the coming year. The "American Taxpayer Relief Act of 2012" includes some good news – there was no percent or dollar cap placed on the charitable deduction that had been under consideration – and it reinstates the IRA Charitable Rollover provision (more good news!). But, it also includes reinstatement of a more modest limit to all deductions for higher-income earners (the bad news). Because the deal is a short-term fix to the fiscal cliff, we can expect further advocacy needed in the months ahead as Congress deals with the unfinished business of mandatory spending cuts and comprehensive tax reform. More information can be found here.

12/4/12: Take Action! Protect the Charitable Deduction!
Like thousands of other nonprofits, many performing arts organizations are classified as 501(c)(3) tax-exempt organizations. If it were not for this exemption and the deductibility of private contributions, nonprofit performing arts organizations and many other charities would be unable to serve community needs.
ACTION: Urge Congress to preserve the charitable deduction that is responsible for the sustainability of the nonprofit sector.

4/17/12: Take Action! Reinstate the IRA Charitable Rollover
Arts Advocacy Day Action Alert

The IRA Charitable Rollover provision expired on December 31, 2011, despite advocacy efforts from the nonprofit community and Performing Arts Alliance members urging Congress to extend this important charitable giving incentive. The IRA Charitable Rollover has allowed for millions of dollars of new contributions to support the work of nonprofit organizations, and it is critical to maintain charitable giving options for individuals in order to provide a consistent source of revenue for programs and services to people and communities.
ACTION: Your voice makes a difference! Contact your legislators today!

4/17/12: Cosponsor the Artist Fair-Market Deduction Act
Arts Advocacy Day Action Alert

Artists, scholars, and the public rely on original manuscripts and supporting material to reveal the artistic underpinnings of existing compositions and inspire the creative works of emerging artists. Encouraging gifts of artistic works to nonprofit cultural organizations helps to preserve our artistic and cultural heritage.
ACTION: Raise your voice to support the Artist-Museum Partnership Act. Contact your legislators today!

4/17/12: Take Action! Protect Charitable Giving Incentives
Arts Advocacy Day Action Alert

Like thousands of other nonprofits in education, human services, and other community organizations, many performing arts organizations are classified as 501(c)(3) tax-exempt organizations. If it were not for this exemption and the deductibility of private donations, nonprofit performing arts organizations and many other charitable organizations would be unable to serve community needs. Urge Congress to preserve the capacity of the nonprofit sector to serve communities by protecting incentives for charitable giving.
ACTION: Raise your voice to support charitable giving incentives! Contact your legislators today.

2/2/12: Take Action! Urge Congress to Reinstate the IRA Charitable Rollover
The IRA Charitable Rollover expired on December 31, 2011 and Congress may soon consider legislation to reinstate the IRA Rollover as part of a larger bill to restore a number of tax "extender" provisions. The IRA Rollover allows a donor who has reached age 70 1/2 to roll funds from their Individual Retirement Accounts directly to nonprofit organizations without incurring income tax on the transfer. This charitable giving incentive has allowed for millions of dollars of new contributions to support the work of nonprofit organizations.
ACTION: Contact your members of Congress today and urge support for restoring the IRA Charitable Rollover. Contact your legislators today.

11/16/11: Take Action! Protect Charitable Giving Incentives
In just one week, the Joint Select Committee on Deficit Reduction - the "Super Committee" - is set to issue recommendations for increasing revenue and decreasing federal spending over the course of the next 10 years. Proposals to limit tax incentives for charitable giving remain on the table in the final negotiations. Now is the time to contact Congress and tell them: charitable giving is a significant revenue source for a broad range of nonprofit organizations, including the nonprofit arts and these organizations cannot withstand even slight declines in contributions given the fragility of all revenue sources; unlike other tax deductions, charitable giving incentives do not increase the wealth of individual donors: they are an investment in the public good and a means of enriching communities; changes to charitable giving incentives in the interest of short-term revenue gain will have lasting unintended consequences for nonprofit services and jobs; the proposed changes to charitable giving incentives come at a time when nonprofit services and jobs are needed most.
ACTION: If you have not weighed in, now is the time to make your voice heard. Contact your legislators today.

12/13/10: Reinstate the IRA Charitable Rollover
The IRA Charitable Rollover is a tax incentive allowing individuals 70 and older to contribute up to $100,000 from Individual Retirement Accounts (IRA) and Roth IRAs to charities, increasing donations to the nation's nonprofit community. As of today, Congress is slated to consider reinstating the IRA Rollover as part of a larger tax package before the end of the year. It is critical to maintain charitable giving options for individuals to provide a consistent source of revenue for programs and services to people and communities.
ACTION: Lend your voice of support to ensure this important charitable giving incentive is included in the final legislation. The IRA Charitable Rollover will allow for millions in donations to the nation's nonprofit performing arts organizations. Ask your Senators to support legislation that will reinstate this important charitable giving incentive.

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